Car Insurance in Cyprus – What You Need to Know

In Cyprus, it is compulsory to have Third Party Car Insurance, and you cannot legally drive without this policy. This insurance covers you in the event of an accident where you are liable, ensuring protection for damages caused to another vehicle.

Differences Between Cyprus and European Third Party Insurance

However, it is important to note that Third Party Insurance in Cyprus is different from that in the UK or other European countries. Specifically:

• It does not cover your own vehicle for fire or theft.
• It only covers damage to the other vehicle and provides coverage of up to 500,000 TL.
• You can increase the coverage limit for an additional premium.

Changes in Car Insurance Regulations in Cyprus

In the past, there was no central database to track insurance customers and accident histories across the island. However, a nationwide insurance claims database has now been introduced. This allows all insurance companies and agents to access previous claims and accident records, ensuring a more transparent and fair system for pricing policies.

How Your Insurance Premium is Calculated

The cost of your car insurance is determined by various factors, including:

• Your age
• The age of your vehicle
• The engine size of your vehicle
• Your previous claims history

You can choose between:

• Named Driver Policies – Covers only specific drivers listed on the policy (cheaper option).
• Any Driver Policies – Covers any licensed driver operating the insured vehicle (more expensive).

Expert Car Insurance Advice from Azant Group

At Azant Insurance Agency, we work with Zirve Sigorta to provide expert car insurance advice and ensure you understand the best options for your vehicle. Our team will help you navigate the terms and conditions, ensuring you get the most suitable and cost-effective policy available.

If peace of mind is what you are looking for, look no further than Azant Insurance Agency!

What Does Third Party Insurance Cover?

• Medical Expenses: Standard Third-Party Insurance includes 8 million TL in medical coverage if you injure a third party in an accident.
• Property Damage: Coverage for damages to another vehicle up to 500,000 TL (this amount can be increased with an additional premium).

For a free no obligation quotation, you can contact an English speaking member of staff on 0533 833 0841 or a Turkish speaking member of staff on 0533 855 53 23 or you can email us on [email protected].